While you were sleeping US home sales, Fed meeting

Mon, 27 Jan 2014

By Margreet Dietz Jan. 28 (BusinessDesk) – US stocks and bonds fell as the Federal Reserve gears up to start its final two-day meeting with Ben Bernanke at the helm, and is expected to announce a further tapering to its monthly bond-buying programme. At its last meeting in December, the Fed said it would ease its program by US$10 billion to US$75 billion in January. It is widely expected to continue along the same rate. Policy makers begin a two-day meeting on Tuesday. “The Fed will cut US$10 billion at every meeting if the economy stays wh...

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